Marissa B. Espineli Sells 38,333 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 38,333 shares of Innodata stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total value of $1,808,167.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Innodata Price Performance

Shares of Innodata stock opened at $44.77 on Friday. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $49.72. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $23.23 and its two-hundred day moving average price is $18.21. The stock has a market cap of $1.30 billion, a PE ratio of 75.88 and a beta of 2.30.

Institutional Trading of Innodata

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in Innodata in the second quarter worth approximately $27,000. Elkhorn Partners Limited Partnership bought a new stake in shares of Innodata during the 1st quarter worth $94,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Innodata by 11.2% during the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock worth $147,000 after purchasing an additional 2,230 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Innodata during the third quarter valued at $206,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on INOD. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Craig Hallum started coverage on shares of Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target for the company. Finally, BWS Financial raised their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.